The very first cryptocurrency which makes the living was Bitcoin that was created on Blockchain technology and possibly it absolutely was released in 2009 by a mysterious individual Satoshi Nakamoto. During the time writing this blog, 17 million bitcoin have been mined and it's believed that whole 21 million bitcoin might be mined. The other most widely used cryptocurrencies are Ethereum, Litecoin, Ripple, Golem, Social and difficult forks of Bitcoin like Bitcoin Money and Bitcoin Gold.
It is advised to consumers not to put all money in one cryptocurrency and stay away from trading at the peak of cryptocurrency bubble. It's been seen that value has been abruptly dropped Crypto consulting down when it is on the top of the crypto bubble. Since the cryptocurrency is a unstable market therefore people should spend the amount which they are able to afford to get rid of as there's no get a handle on of any government on cryptocurrency as it is just a decentralized cryptocurrency.
Charlie Wozniak, Co-founder of Apple predicted that Bitcoin is just a true gold and it will dominate all the currencies like USD, EUR, INR, and ASD in future and become worldwide currency in coming years. Bitcoin was the very first cryptocurrency which arrived to existence and afterwards about 1600+ cryptocurrencies has been released with some special function for each coin.
A few of the causes which I have observed and want to share, cryptocurrencies have been developed on the decentralized program - therefore people don't involve a third party to transfer cryptocurrency from destination to a different one, unlike fiat currency wherever a person require a platform like Bank to move money from one account to another. Cryptocurrency developed on a really secure blockchain technology and very nearly nil possiblity to compromise and steal your cryptocurrencies until you don't reveal your some important information.
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